🟢 Almonty Industries Inc. rebounds 2.4% after dropping 21% on $700M convertible note offering

Almonty Industries Inc. is trading 2.4% up at $16.70, rebounding from a sharp -21.13% decline on June 5.

• The significant drop on June 5 was caused by the company's announcement of a $700 million convertible senior notes offering, which prompted investor concerns about potential share dilution.
• The offering of notes, due in 2031, was oversubscribed and is scheduled to settle on June 9, raising estimated net proceeds of $675.9 million for Almonty.